2.4 A mall investment is being considered by a real estate developer. Three landareas are being assessed. The income of households in the area surrounding theproposed mall is very important. 4 families are randomly picked as a sample neareach mall. The sample results are shown here.Southwyck Area($000)64687060Your answerYour answerFranklin Park($000)25 Niccon's6970Old Orchard($000)75State the null and the alternate hypotheses whether there is a difference inthe mean income or not4.807678from 2.4 At the .05 significance level, can the developer conclude there is adifference in the mean income? How do you know that?អកក

Answered: Image /qna-images/answer/65f1245e-5764-47ec-a927-a0259fbedac5.jpg

2.4 A mall investment is being considered by a real estate developer. Three land areas are being assessed. The income of households in the area surrounding the proposed mall is very important. 4 families are randomly picked as a sample near each mall. The sample results are shown here. Southwyck Area ($000) 64 68 70 60 Franklin Park ($000) Your answer 7189 74 69 Old Orchard ($000) 75 80 76 78 70 State the null and the alternate hypotheses whether there is a difference in the mean income or not from 2.4 At the .05 significance level, can the developer conclude there is a difference in the mean income? How do you know that?

2.4 A mall investment is being considered by a real estate developer. Three land areas are being assessed. The income of households in the area surrounding the proposed mall is very important. 4 families are randomly picked as a sample near each mall. The sample results are shown here. Southwyck Area ($000) 64 68 70 60 Franklin Park ($000) Your answer 7189 74 69 Old Orchard ($000) 75 80 76 78 70 State the null and the alternate hypotheses whether there is a difference in the mean income or not from 2.4 At the .05 significance level, can the developer conclude there is a difference in the mean income? How do you know that?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.6: Summarizing Categorical Data

Problem 10CYU

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